Assignment 5_Shakera Davis - Shakera Davis Assignment 5...

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Shakera Davis September 27, 2015 Assignment 5 Chapter 6 Case Application 1. Do you have an observation on their expenditures? I believe that Monica is doing a good thing by saving additional funds. It’s never too much to save. 2. What might the conversation above tell you about Richard? Richard is also on the right track because he knows what his investments and salary are going to become. 3. What might Monica’s action tell you about both Monica and Richard? Monica is being cautious by saving money and not informing Richard. 4. What recommendations would you have to help them save more? Richard should also start saving money. He should just take additional from his paycheck and deposit it into his saving account. 5. Construct their cash flow statement for this year and the next two years? 6. What do the future cash flow figures indicate? It indicate that financial planning is possible. 7. Complete the cash flow section of this plan.
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